WTO announced the cancellation of half of the restrictive measures by the G20 countries

The G20 countries continue to reverse measures taken in connection with the coronavirus pandemic. By May of this year, 49% of the restrictions were removed, according to a report by the World Trade Organization (WTO). The organization estimated the volume of measures to restrict trade at $ 135.7 billion.

It is also reported that the coverage of trade facilitation measures implemented since the beginning of the pandemic was estimated at $ 215.7 billion. As of mid-May 2021, about 22% of such measures have ceased to operate.

“Trade restrictions impede our efforts to increase production, especially in developing countries, and ensure equitable distribution of vaccines. Vaccine policy is trade policy and we must do everything in our power to prevent a recurrence of a pandemic that could seriously disrupt the global economic recovery, ”WTO Director General Ngozi Okonjo-Iweala said in the report.

In November 2020, the WTO calculated the effect of the temporary measures introduced in connection with the pandemic. The indicators were almost balanced: relief measures affected imports by $ 155 billion, restrictive – by $ 111 billion. Out of 133 such measures, 63% were aimed at lowering barriers. At the same time, three out of ten measures restricting supplies (for example, bans on the export of masks and other medical products) were canceled by mid-October.

Read about how the WTO assessed the restrictions in 2020, read in the publication “Kommersant” “Trade is not up to barriers.”

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